Replies to post #18917 on Hunt Gold Corporation (HGLC)

[Haydro]

Google the common scam called "Pump and Dump" and ask yourself if you think it's similar to what this company is doing. (Except HGLC's price doesn't move)

This is a quote from WIKIPEDIA about "Pump and Dump"


"Pump and dump" is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money. Stocks that are the subject of pump-and-dump schemes are sometimes called "chop stocks."[1][2]

Pump and dump scenarios
Pump and dump schemes tend to take place either on the Internet including e-mail spam campaigns or through telemarketing from "boiler room" brokerage houses (for example, see Boiler Room). Often the stock promoter will claim to have "inside" information about impending news. Newsletters that purport to offer unbiased recommendations then tout the company as a "hot" stock. Messages in chat rooms and email spam urge readers to buy the stock quickly.[1]

Unwitting investors then purchase the stock, creating high demand and raising the price. When the people behind the scheme sell their shares and stop promoting the stock, the price plummets, and other investors are left holding stock that is worth significantly less than what they paid for it.

Fraudsters frequently use this ploy with small, thinly traded companies—known as "penny stocks," generally traded over-the-counter (in the United States, this would mean markets such as the OTC Bulletin Board or the Pink Sheets), rather than markets such as the New York Stock Exchange or NASDAQ—because it is easier to manipulate a stock when there is little or no independent information available about the company.[3] The same principle applies in the United Kingdom, where target companies are typically small companies on the AIM or OFEX.

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Tell me, doesn't that second phrase in bold sound much like something someone here does regularly??

Ask yourself: HOW DID YOU FIND OUT ABOUT HGLC??

[janice shell]

Do you see HGLC going anywhere before the end of 09?

I really don't know. Probably management would like to see the price go up, but there's an awful lot of stock out there that can be sold.